Electric Vehicles Industry News
A collection of Electric Vehicles latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Why is Ferrari facing such a backlash to its first electric car?
The Italian marque has broken with the past with its four-door, €550,000 Luce and traditionalists are furious Ferrari is different from other carmakers, and so are its product launches. So revered is the company in its native Italy that…
Ferrari CEO defends $640,000 price tag for its first fully electric car
Ferrari CEO Benedetto Vigna on Thursday said the cost of the manufacturer's new Luce model was a fair price to pay for innovation. 'You have to see Luce to understand that it has nothing to do with Chinese EVs or those by other brands,' Vigna said…
Ferarri Reveals New $640k Electric Car and Everyone Seems to Hate It
Ferrari has revealed its new $640,000 electric car, known as the Luce, and it seems to have significantly harmed the legendary company's reputation. The Italian car company is known for making some of the most revered vehicles in history. The cars…
Ferrari Luce: Why Ferrari's First Electric Car Isn't a Two-Door Supercar Like You Might Expect
Ferrari's first crack at an electric vehicle arrived this week to a visceral reaction. Not only does the Luce not pack one of the brand's legendary combustion engines, it also happens to be the largest (and most controversial-looking) vehicle that…
Ferrari's polarizing new electric Luce is a bet on a huge untapped market
Ferrari's new electric car is off to a bad start in the court of public opinion. The Italian automaker might be more concerned about a market where electric vehicles reign supreme — China. Earlier this week, the internet — and…
EU heavyweights back industrial accelerator as China shock fears grow
Major EU members offered qualified support for the bloc's flagship industrial plans on Thursday in the first debate over a proposal that has deepened tensions with China. Germany, France, Italy, Spain, the Netherlands and Poland all accepted the…
After Ferrari Luce backlash, Lamborghini CEO says canceling its own EV was the right choice
Lamborghini CEO Stephan Winkelmann told CNBC the automaker's decision to kill its all-electric vehicle plans to focus on plug-in hybrid electric vehicles was 'the right way to go' for his company. His comments come after Ferrari this week faced…
The world's carmakers are struggling to compete with China
Suranjana TewariAsia Business Correspondent, Beijing and Hefei, China Global carmakers are facing a reckoning as US, European and Japanese brands lose ground to Chinese rivals setting the pace not only in electric vehicles, but also in batteries…
Five cities most affected by new Rachel Reeves' tax fee - full list
Rachel Reeves' new car tax charge could impact motorists in five parts of the UK The five areas most affected by Rachel Reeves' latest car tax move have been revealed, with a London borough coming out on top. From 2028, Reeves has confirmed that…
Why Ferrari's rocky EV launch may not be the disaster investors fear
Ferrari faced an investor backlash after the unveiling of its new Luce model, its first fully electric car. The company's stock fell 8% on Tuesday, the first trading session after the car was unveiled. Analysts at RBC Capital Markets said, however…
Nio Shares Surge After Launch of China's Biggest Electric SUV
Nio Inc. 's shares surged after the Chinese electric car maker unveiled its six-seat ES9 sport utility vehicle, which the company says is the country's largest electric SUV. The stock jumped as much as 10% in Hong Kong trading Thursday, following a…
U.S.-Iran strikes, Snowflake soars, Robinhood's new AI tools and more in Morning Squawk
This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. If you're attending CNBC Pro Live tonight at the Nasdaq MarketSite, look out for me at the cocktail hour. Stock futures are lower…
Germans Switch to EVs at Record Pace Thanks to Government Bonus
More German drivers switched to an electric vehicle in the first quarter of this year than ever before after the government launched a major subsidy program that can shave as much as €6,000 ($6,967) off the price of a new car. The share of…
Ferrari has unveiled its first EV. The $900k price tag is only the first problem
It's fair to say the reviews of Ferrari's first electric car, unveiled this week, have been at best mixed. “If I had to say what I think, I would hurt Ferrari,” said Luca Cordero di Montezemolo, the former Ferrari boss credited as…
Ferrari's Controversial EV Likely To Advance Despite Launch Wobble
When a new car's design is said to be “divisive”, that means normal people hate it. Italian luxury sports car maker Ferrari, probably correctly, assumes that not many normal people have $650,000 available to buy its new Luce electric…
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